IKEA Supply joins DCSA+ as first shipper IKEA Supply AG has joined DCSA+, the Digital Container Shipping Association's partnership programme. It is the first shipper to participate. IKEA brings the cargo owner perspective to a global community of carriers, terminals, forwarders, feeders, and technology providers. Together, they aim to improve interoperability and data exchange through shared standards. IKEA Supply AG, part of Inter IKEA
Peel Ports joins Co2nstructZero as first UK port operator Peel Ports Group has become the first UK port operator to join the Construction Leadership Council's Co2nstructZero programme. The move strengthens the Group's commitment to decarbonising the construction industry. Co2nstructZero supports the Government's 10-point plan for a Green Industrial Revolution. The framework unites leading businesses to accelerate progress toward the 2050 decarbonisation
Lloyd's Register joins DCSA+ to boost container shipping digitalisation Lloyd's Register (LR) has joined the Digital Container Shipping Association's DCSA+ programme. LR now becomes part of a global network of carriers, shippers, terminals, forwarders, and tech providers. Together, they aim to align the industry around open digital standards. The DCSA+ programme offers a structured platform for collaboration. Partners connect with peers and contribute to practical, s
MOL expands into Tank Terminals Mitsui O.S.K. Lines (MOL) is expanding beyond shipping to secure long-term revenue. This move is part of its BLUE ACTION 2035 strategy. A key focus is the tank terminal business. In June 2025, MOL acquired 100% of LBC Tank Terminals, one of the world's largest independent operators. LBC has seven facilities across Europe and the U.S. It serves chemical manufacturers and energy companies at both e
ABP announced investment programme for South Wales Ports Associated British Ports has announced the latest tranche of its major capital investment programme, which secures the long-term future of its five South Wales ports. The new investment of £42 million includes delivery of a new deep-water berth at Middle Quay, Newport, the UK's largest steel-handling port, and will also facilitate upgrades at Swansea and Cardiff. It forms part of a total capital
Port of New York and New Jersey announces third-busiest October The Port Authority of New York and New Jersey today announced that its commercial airports recorded their third-busiest October ever, welcoming 12.3 million passengers despite Federal Aviation Administration challenges related to the government shutdown. The Port of New York and New Jersey sustained its status as the nation's second-busiest port for loaded containers year-to-date. Over the first
ABB completes Gamesa Electric power electronics acquisition ABB has completed the acquisition of Gamesa Electric's power electronics business in Spain from Siemens Gamesa. ABB announced the deal in December 2024. The company did not disclose financial terms. The business reported annual revenue of about €145 million for the year ending 30 September 2025. The acquisition strengthens ABB's position in renewable power conversion. It expands ABB's offering in
MSC's fleet growth could create market imbalance MSC's buying spree has seen the Swiss-Italian No. 1 carrier single-handedly remove 25% of ships from the charter market, driving up asset and charter rates, according to Linerlytica. At the World Maritime Merchants Forum in Hong Kong in November, Linerlytica analyst Tan Hua Joo said that MSC has grown its capacity by 1.8 million TEU after buying 470 pre-owned ships. Tan noted that MSC's fleet gro
ZIM issues updated guidance on withholding tax ZIM Integrated Shipping Services has issued updated instructions for shareholders ahead of its cash dividend scheduled for December 8, 2025. The company confirmed that the Israeli Tax Authority's previously granted ruling on withholding procedures will apply to this payment. According to ZIM, the ruling allows eligible shareholders to benefit from a reduced Israeli withholding tax rate, provided
Update on incident aboard WAN HAI 503 The vessel WAN HAI 503 continues cargo discharge operations under close supervision by professional teams. Crews are removing damaged cargo and debris from Cargo Holds 2 and 4. Some cargo must drain of firefighting water before removal. Teams are also cutting damaged hatch covers to allow access. Pumping of firefighting water continues. Crews have discharged about 10,329 tonnes so far. The proces
HMM updates EC1, EC2 and EC3 Transpacific East Coast services HMM has announced a series of upgrades to its Transpacific East Coast services EC1, EC2 and EC3, including a new direct call from Cai Mep to the U.S. East Coast on the EC2 loop. The carrier said the enhancements will strengthen network coverage between Southeast Asia and the U.S. East Coast, improve transit times and provide customers with a broader range of routing options. EC2 Service Updates T
Russia fails to regain IMO Council seat Russia failed to win enough votes to rejoin the governing council of the United Nations' International Maritime Organization (IMO). It had sought to regain a seat it lost in 2023. The defeat follows Russia's unsuccessful bid in September to join the U.N. aviation agency's council, marking another diplomatic setback over its 2022 invasion of Ukraine. The London-based IMO regulates international sh
ONE updates Europe Environment Surcharge Ocean Network Express (ONE) has released its latest update on the Europe Environment Surcharge (EES), which will be adjusted from 1 January 2026 as the European Union Emissions Trading System (EU ETS) enters its full compliance phase. The surcharge was originally introduced in January 2025 to align ONE's operations with strengthening environmental regulations. From 2026 onward, carriers will be r
MSC launches new Canada Express Service MSC has announced the introduction of the Canada Express Service, a new transatlantic route designed to strengthen connections between Northern Spain and the Canadian market. The service aims to offer exporters in the region faster transit times, guaranteed space and equipment, and a reliable weekly link to key Canadian gateways. The new service will begin with the MSC YANG R, voyage CE551A, depa
Maersk appoints new Managing Director for India Maersk has appointed Thomas Theeuwes as its new Managing Director for India, Bangladesh and Sri Lanka, effective 1 January 2026. He will succeed Christopher Cook, who has been named the incoming Managing Director for Maersk in the United Kingdom and Ireland. Theeuwes brings close to 20 years of global leadership experience to the role. Since joining Maersk in Belgium in 2007, he has held senior c
Global Ship Lease buys three 8,600-TEU containerships for $90 million Global Ship Lease has agreed to buy three Korean-built 8,600 TEU containerships for a total price of $90 million . The company announced the deal from Athens on 1 December 2025. The vessels were built in 2010 and 2011 and include ECO upgrades. Each ship comes with an existing charter from a leading liner operator. The contracts run at below-market rates and allow flexible redelivery. The latest r
Tokyo Port container volumes rise 4.9% in August The Port of Tokyo handled 357,973 TEUs of foreign-trade containers in August. This represented a 4.9% increase year on year, according to preliminary figures from the Tokyo Metropolitan Government's Bureau of Port and Harbor and as Japan International Freight Forwarders Association (JIFFA) reported. Loaded containers reached 265,747 TEUs, also up 4.9 percent. Empty containers totaled 92,226 TEUs,
ABB powers Washington State Ferries' first hybrid vessels ABB will provide hybrid-electric propulsion systems for Washington State Ferries' first battery-powered newbuild vessels. The company will equip two new 160-auto ferries under the Ferry System Electrification Program. Washington State Ferries (WSF), the largest ferry operator in the United States, selected ABB to supply and integrate complete hybrid-electric propulsion packages. The contract laun
Port of Barcelona approves €265m south rail hub Catalonia has approved the Urban Master Plan for the Port of Barcelona's Intermodal Logistics Terminal. The decision clears the way for construction of the port's south railway node. The plan reorganises rail infrastructure in the southern port area. The project includes new freight terminals and support facilities. Authorities designed the node on the former Llobregat riverbed. A second terminal
Grande Istanbul joins Grimaldi's car carrier fleet Grimaldi has added another ammonia-ready vessel to its fleet. The ship strengthens its vehicle transport services. She will soon sail on the East Asia-Persian Gulf route. The company held the delivery ceremony on 28 November in Shanghai. Grande Istanbul is the fourth of seven new car carriers. SWS and CSTC built the vessel. Both shipyards belong to CSSC. The vessel is 200 metres long. She is 38 m
Jinhui cashes in on ageing supramax as fleet overhaul rolls on Jinhui Shipping & Transportation has sold another ageing supramax as it continues to refresh its fleet. The Oslo-listed, Hong Kong-based owner confirmed it has agreed to divest the 2012-built 56,361 dwt Jin Bi in a $14.4m deal with Hong Kong buyer Xing Le Investments. Delivery is scheduled between December 15, 2025, and January 30, 2026. ...
Harbour Energy to cut 100 North Sea jobs Harbour Energy is preparing to cut around 100 offshore jobs in the UK North Sea as the extended windfall tax continues to squeeze investment and activity across the basin. The London-listed producer said the latest round of reductions follows the Labour government's decision to keep the Energy Profits Levy in place until March 2030. The ...
Norsepower wins contract to install rotor sails on two Japanese VLCCs Norsepower has won the contract to install rotor sails on a pair of methanol-fuelled VLCCs in a world-first for shipping. Japan's Idemitsu Tanker first revealed its contract to build these new-look ships in May this year, signing with Japan Marine United Corporation (JMU) and Nihon Shipyard for the tankers, costing $135m each. Today, it was ...
UK signs off on CIP's Irish Sea wind farm Copenhagen Infrastructure Partners' 480MW Morecambe offshore wind farm has cleared a major hurdle after securing planning consent from the UK government. Energy secretary Ed Miliband signed off the Development Consent Order, allowing the Irish Sea project to move toward construction. The fixed-bottom scheme, made up of 35 turbines, is being advanced by Copenhagen Offshore Partners ...
Leadership shake-up at T7 Global as Azman Yakim takes the helm Malaysia's T7 Global has reshuffled its senior leadership as the offshore and industrial services provider prepares for its next phase of growth. The company said long-time executive Tan Kay Zhuin has been redesignated as executive director, while industry veteran Azman Yakim has been appointed Group chief executive officer. Tan joined T7 Global in 2016 and ...
Gunvor hits reset button with leadership buyout and governance overhaul Gunvor has entered a new chapter after its management team agreed to buy out the company's existing ownership, ending Torbjörn Törnqvist's long run as majority shareholder. The Swiss-based commodity trading giant will now be fully owned by a group of senior employees, with no outside shareholders involved. The management-led deal follows a process first discussed ...
Taiwan tightens noose on high-risk tonnage Taiwan is amending its Law of Ships regulations with a view to fining ship operators up to NT$10m ($318,000) for vessels failing to maintain accurate identification. Ships entering Taiwanese waters must keep their automatic identification system (AIS) on and transmit correct data, or face a fine. Similarly, all vessels must display their vessel name and ...
Azerbaijan greenlights studies for 600 MW offshore wind farm Azerbaijan has taken another step toward scaling up its offshore wind ambitions after the Ministry of Energy signed an Implementation Agreement with Clean Energy Capital (CEC) LLC, a subsidiary of Azerbaijan Green Energy Company. The deal covers the assessment, development and delivery of an offshore wind project in the Caspian Sea, starting with 200 MW ...
A new blast zone emerges for Russia-linked tankers A Russian-flagged tanker sailing from Russia to Georgia loaded with sunflower oil reported that it was attacked off the Turkish coast but its 13 crewmembers were unharmed, Turkey's maritime authority said on Tuesday, likely the latest incident in a renewed, sprawling campaign being carried out by the Ukrainian military. The vessel, Midvolga-2, reported coming under ...
Containers turn festive as Cuboid builds world's biggest advent calendar For an industry more used to stacking boxes for efficiency than festivity, the UK's Cuboid Self Storage has given shipping containers a seasonal makeover by unveiling what it claims is the world's largest advent calendar made entirely from containers. The firm has transformed a towering stack of boxes into a giant, countdown-to-Christmas display, with each ...
Single vessel promises all-in-one bunkering A South Korean company has shown off its recently patented design for a bunkering vessel that can deliver multiple fuels. Sun Comprehensive Energy's bunker vessel can deliver LNG, methanol, ammonia, and hydrogen from a single ship - fuels that have very different densities and temperatures. Kang Pyeong-ho, CEO of Sun Comprehensive Energy, said, "The platform ...
Understanding biofuels and e-fuels Pierre Aury gives readers a renewable fuels guide. As the International Maritime Organization has decided to postpone by one year the approval of its proposed Net Zero Framework (NZF) we have decided to use that opportunity to try to cast some light on what renewable fuels, biofuels, and e-fuels are. Between the EU Emissions Trading ...
Shipping investors fear geopolitical rate upside could unwind in 2026 Shipping thrives amid geopolitical chaos. There is rising sentiment - which a cynic would say is too optimistic - that the world...
Nine Filipino seafarers from Eternity C to be released from Houthi captivity After five months in Houthi captivity, nine Filipino seafarers from the Eternity C are set be released, according to the...
Ukraine's right to take out shadow fleet tankers is legal grey area Black Sea war risk rates rise after drone strikes on fears of Russian backlash
Boxship charter market remains mismatched from freight markets as rates hold firm Tonnage availability in the post-panamax segment especially limited, but some deals are being done behind closed doors
Ukraine intensifies Black Sea attacks on Russian vessels Turkish authorities said messages to all parties calling for the attacks on shipping to cease were communicated 'very clearly'
BW LPG profit halves in third quarter Shipping performance for BW LPG still performed well in the third quarter, but product services posted a loss thanks to...
Global Ship Lease snaps up JP Morgan-linked boxships in $90m deal The purchase supports GSL's fleet renewal programme and brings its fleet to 71 containerships
The Week in Charts: Iran and Venezuela are shadow fleet top recruiters | Global ship recycling remains in the doldrums | NorthStandard rate hike designed to rebalance P&I Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
Integrated HD HHI seeks to double sales by 2035 The merged entity aims to almost double total sales by 2035 through significantly improving business competitiveness in the MASGA initiative...
Floods disrupt port operations in South Asia and Southeast Asia as deaths rise Severe inclement weather in Southern Asia has severely affected livelihoods, with the combined death toll estimated to be more than...
Top 10 classification societies 2025 ABS has overtaken DNV to become the largest class society in terms of gross tonnage in service, while CCS has...
China Merchants Ports delays Vast terminal deal Delay in completing South American terminal deal has reduced its acquisition cost, company says
The Daily View: Dead or alive?
Daily Briefing Russia likely to retaliate following Ukraine attacks on shadow fleet tankers | WinGD releases first high-pressure LNG engine as IMO...
UP CEO says NS merger filing with US regulators to be delayed two weeks Jim Vena blamed the delay on a contractor that must revise material that will be included in what will be a roughly 4,000-page filing to federal regulators.
Premier Alliance adds Cai Mep call amid US import surge from Vietnam Ocean Network Express said the East Coast 2 service jointly operated with HMM and Yang Ming will call Cai Mep on eastbound rotations, while dropping a call at China's Port of Xiamen.
Tariff costs, data center demand create mixed outlook for ro/ro shippers in 2026 As key global manufacturers of high and heavy cargo, Caterpillar and Deere are considered performance indicators for the roll-on/roll-off breakbulk shipping segment.
IKEA becomes first shipper to join carrier digital consortium program The Digital Container Shipping Association's partnership program has grown in the last month, with the global home furnishings retailer following last week's addition of European vessel operator Unifeeder.
Severe storms swamp Southeast Asia supply chains, with Colombo hardest hit Ocean carriers and terminal stakeholders at Sri Lanka's Colombo Port are dealing with operational chaos that resulted from a three-day shutdown caused by Cyclone Ditwah, said to be the strongest storm to have struck the country in nearly a decade.
Complexity of resumption of Suez transits beginning to take shape The conflicting interests became apparent last week when the Suez Canal Authority issued a statement indicating that Maersk planned to resume normal transits in December, triggering a quick response from the carrier that no timeline had been set.
Ocean carriers unveil hefty increases in Europe emissions surcharges First-quarter charges will rise across all trade lanes that cover the European Union from Jan. 1 when carriers will be responsible for 100% of their carbon emissions.
Broker Ifchor Galbraiths buys Brazilian dry bulk shop Aries Shipping Swiss-UK operation expands with takeover of Rio de Janeiro brokerage
US political uncertainty clouds lender view on maritime revival
Manager of blast-hit tanker ends Russian port calls Besiktas Shipping Group says the safety of crew and vessels was paramount after suspected Ukrainian sabotage
VLGC giant BW LPG significantly undershoots profit forecasts Major shipowner says chartering performance was solid amid uncertainty
Stolt-Nielsen's Avenir scores financing for LNG bunker vessel newbuildings Fearnley Securities acts as financial advisor for $128m deal
Acting MARAD boss issues call to action in financing US maritime rebuild Industry may have but a 'quick window' to act during period of bipartisan political support in Washington
'Scheme to extort American citizens': Trump officials side with cruise industry in Hawaii climate fee fight US lawyer says the Constitution gives federal government, not states, the power to levy tax on ships
Ukrainian sabotage or Russian propaganda? Rivals point fingers over tanker attack Attacks on the Midvolga-2 and Mersin differ from those on the Kairos and Virat
'Cut Ukraine off from the sea': Putin threatens fightback over Black Sea tanker attacks The Russian leader vows to intensify attacks on Ukrainian ports and vessels
Eletson's legacy shareholders and law firms ask judge to throw out $64m lawsuit Motions to dismiss follow Murchinson's claim that founding families diverted charter revenue
Northern Lights builds out 'world's largest' dedicated LCO2 fleet as third ship delivers Industry awaits results of tender for next-generation vessels
BW LPG reports strong secondhand buying interest for VLGCs Boss Kristian Sorensen also outlines aims for time charter cover
Green methanol is too expensive and not available at scale, says DNV Hard to get bio-methanol costs three times the price of MGO at $2,500 per tonne
VLCC rates riding high after months in six-digit territory Outlook is good, Breakwave Advisors says
Jamming and spoofing attacks on Baltic shipping getting worse, researchers warn Polish researchers GPSPatron record more sophisticated satellite positioning attacks
Greek shipowner Alpha Bulkers breaks into 'hot' market with huge order Eleven feeder ships are spread across three sizes at three yards
Eight liner giants face 'cartel' price-fixing allegations Carriers accused of charging same rate increases between Asia and South Africa for a decade
Blast-hit tanker manager ends Russian port calls Besiktas Shipping Group says the safety of crew and vessels was paramount after suspected Ukrainian sabotage
Bulker boss rubbishes mayor's claim of corruption over share deal Atlantska Plovidba says it has been dragged into a political narrative that has nothing to do with it
Eagle Bulk 2.0: Is a dry bulk M&A deal playing out in slow motion? This week's Streetwise looks at the familiar name behind MT Maritime's third appointment to the board of Pangaea Logistics Solutions
Drone attack claims: Third Russia-linked tanker struck in Black Sea Turkish authorities say the ship is sailing to one of its ports, diverting from Russia to Georgia voyage
Japanese partners buy into US e-NG project with plans for exports by 2030 TotalEnergies and TES's Live Oak pioneers large scale production of e-methane
Ravi Mehrotra buys Greek VLGC as he targets seat at gas shipping's top table London-based owner's Foresight Group still has big plans for fleet expansion
Carnival: Shipping needs new fuel choices as net-zero option still elusive Chief maritime officer would like to see investments in all alternative fuels and infrastructure
Andreas Sohmen-Pao splashes $77m to tighten grip on world's biggest turbine installation vessel owner BW Group principal's BW Altor now has a 27% stake in Denmark's Cadeler
Swiss trader reveals S&P wager on product tankers with a string of deals Montfort Group snaps up four MR Japanese-built vessels from major players
Five-billion tanker company in the making: Hafnia upgraded to 'buy' on dividend promise Analyst sees merger plan shortly after new Torm chair is approved
Safe Bulkers and OceanPal launch share buybacks worth up to $62m Bulker and tanker companies are looking to return value to shareholders
Idemitsu Tanker VLCC newbuilding pair to use wind power Each vessel being built in Japan to be methanol dual-fuelled and have Norsepower rotor sails installed
BW LPG stock plunges on 'soft' report and weak fourth-quarter bookings Oslo-listed company's fourth-quarter estimates are expected to fall due to plummeting profit
Iran seizes falsely flagged ship in fresh smuggling crackdown Unnamed small vessel was carrying 350,000 litres of fuel
CJC recruits seven-strong team of lawyers for push into Italy UK-headquartered shipping specialist sets up new base led by Enrico Vergani
Idemitsu Tanker VLCC newbuilding pair to get windpower Each vessel being built in Japan to be methanol dual fuelled and have Norsepower rotor sails installed
Third Russia-linked tanker struck in Black Sea Turkish authorities say the ship is sailing to one of its ports, diverting from Russia to Georgia voyage
Andreas Sohmen-Pao splashes $77m to tighten grip on world's biggest turbine installation vessel owner BW Group principal's BW Altor now has a 27% stake in Denmark's Cadeler
Merger of HD Hyundai yards adds weight to Trump's flagship shipbuilding policy Chairman Kisun Chung says yard combination marks new moment for country's shipbuilding industry
Global Ship Lease splashes out on three 'cash-cows of the future' US-listed owner says trio is chartered through to 2030
VLGC giant BW LPG significantly under-shoots profit forecasts Major shipowner says chartering performance was solid amid uncertainty
Turkish president calls for end to Black Sea ship sabotage attacks War risk rates for ships calling into Russia rise after renewed Ukrainian campaign against shadow fleet
Profit v ethics: How Fredriksen companies handle Russia sanctions Support from management is key, Fredriksen's head of compliance says
Jinhui banks a profit on sale of supramax bulker Hong Kong owner has sold 11 vessels this year
HD Hyundai wins LNG carrier order from Asian shipowner Shipbuilder has achieved 91.5% of its annual target
HD KSOE wins LNG carrier order from Asian shipowner South Korean shipbuilder has achieved achieving 91.5% of its annual target of $18.05bn.
Chinese ferry operator scraps rare hybrid container-passenger ship Recycling sale brings global tally of rare ship type to eight
Hanwha Ocean bags second VLCC order in two weeks Shipyard celebrates third-biggest order of the year
Turkish ship recycling sector stages remarkable recovery While scrap tonnage volumes fell deeply in South Asia during 2025, they rose significantly in Turkey
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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